Results 1 to 9 of 9
  1. #1
    Member
    Bettyboo's Avatar
    Join Date
    Nov 2009
    Last Online
    Today @ 08:05 PM
    Location
    Bangkok
    Posts
    30,420

    The 1% creating jobs...

    ...I was reading this on a thread the other day and thought that the uber-rich are more interested in stuff like this:

    Tycoon buys $48m blue diamond at auction for daughter
    Joseph Lau confirmed he bought the ring-mounted, cushion-shaped stone for his seven-year-old daughter, renaming it "Blue Moon of Josephine" after her...
    Tycoon buys $48m blue diamond at auction for daughter - BBC News

    My thoughts are that the current greed culture sees the uber-rich mostly just sucking money out rather than investing in recreating jobs - in fact, their entire position is just to suck out as much money as possible for themselves.

    Stuff like this:

    Berths boom as super-rich rekindle love affair with high-sea luxury


    http://www.ft.com/cms/s/0/6227b796-1...#axzz3rMU757KW


    & this:

    Tata Steel confirms 1,200 job losses as industry crisis deepens

    Tata Steel confirms 1,200 job losses as industry crisis deepens | Business | The Guardian

    Tata owner is said to be the world's richest man, so he could easily save those jobs by losing a fraction of 1% of his total net worth, but that's not how the 1% function...
    How do I post these pictures???

  2. #2
    Thailand Expat
    buriramboy's Avatar
    Join Date
    Mar 2007
    Last Online
    11-09-2019 @ 09:56 AM
    Posts
    12,238
    Apparantly that multi million $ diamond was bought for his 7 year old daughter I was reading somewhere earlier but can't remember where or I'd post a link. Was hoping it was a spoof article but I fear not.

  3. #3
    Thailand Expat AntRobertson's Avatar
    Join Date
    Nov 2006
    Last Online
    @
    Posts
    34,433
    Quote Originally Posted by Bettyboo
    My thoughts are that the current greed culture sees the uber-rich mostly just sucking money out rather than investing in recreating jobs - in fact, their entire position is just to suck out as much money as possible for themselves.
    Exactly, you don't get that wealthy by being altruistic.

    The thing that baffles me is that some people still believe in variations of trickle-down. That the crumbs off the table of the wealthy who have a vested interest in keeping them begging is somehow a blessing.

  4. #4
    Thailand Expat
    bsnub's Avatar
    Join Date
    Jun 2009
    Last Online
    @
    Posts
    18,910
    The first military contractors were the Pinkertons. They have been massacring American union workers for over a century. The labor movement is a very alive struggle that you lot are not well informed about.

  5. #5
    Thailand Expat
    Join Date
    Jun 2014
    Last Online
    @
    Posts
    18,030
    Eat the rich.




    Come the revolution.

  6. #6
    Thailand Expat
    Iceman123's Avatar
    Join Date
    Aug 2013
    Last Online
    07-09-2019 @ 03:57 PM
    Location
    South Australia
    Posts
    3,454
    What is everyone's definition of rich in $ terms.
    Is there really anything wrong with bringing value to the marketplace and gaining wealth because of it.
    My personal gripes tend to dislike the laws of inheritance which allows wealth transfer without merit, nor CGT if planned correctly.

  7. #7
    Member
    Bettyboo's Avatar
    Join Date
    Nov 2009
    Last Online
    Today @ 08:05 PM
    Location
    Bangkok
    Posts
    30,420
    Quote Originally Posted by Iceman123 View Post
    Is there really anything wrong with bringing value to the marketplace and gaining wealth because of it.
    None at all - that's capitalism, and I'm all for it in a free market economy that's well regulated.

    However, we are talking about crony capitalism where government and corporations work together to defraud the masses and get lost in an insane greed world.

  8. #8
    Thailand Expat AntRobertson's Avatar
    Join Date
    Nov 2006
    Last Online
    @
    Posts
    34,433
    I don't think there's anything wrong with being rich (or even filthy, obscenely, rich) per se but somewhere, somehow, shit got screwed up. We're almost back to a point wealth disparity wise of the days of the Robber Barons.

    But worse than that being poor has somehow morphed into a damning character trait instead of being just an unfortunate financial status. Governments are talking about drug testing welfare recipients whilst at the same time handing out tax cuts to the wealthy. And the middle class - who have been on a long downward spiral - have been convinced that it's the poor that are the source of their woes.

    Greed and avarice on a massive scale by the banks caused the GFC, they get a slap on the wrist and bailouts, yet people point the finger at overstated cases of welfare fraud etc. so the people that most need help are punished.

    It's a joke, just not a funny one.
    Last edited by AntRobertson; 13-11-2015 at 08:55 PM.

  9. #9
    Member
    Bettyboo's Avatar
    Join Date
    Nov 2009
    Last Online
    Today @ 08:05 PM
    Location
    Bangkok
    Posts
    30,420
    ^ nice post.

    Not as succinct as mine, but decent effort nonetheless...

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •